Lockheed Martin (NYSE:LMT) Stock Price Up 1.5% on Analyst Upgrade

Shares of Lockheed Martin Corporation (NYSE:LMT) traded up 1.5% during trading on Monday after Jefferies Financial Group raised their price target on the stock from $500.00 to $540.00. Jefferies Financial Group currently has a hold rating on the stock. Lockheed Martin traded as high as $554.27 and last traded at $551.2520. 2,958,526 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 2,817,031 shares. The stock had previously closed at $542.92.

Several other equities research analysts have also recently commented on LMT. Robert W. Baird raised their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. The Goldman Sachs Group increased their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Susquehanna lifted their price objective on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. Citigroup started coverage on Lockheed Martin in a report on Thursday, December 11th. They set a “neutral” rating and a $505.00 target price on the stock. Finally, Royal Bank Of Canada increased their target price on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $517.12.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors have recently modified their holdings of LMT. United Financial Planning Group LLC bought a new position in Lockheed Martin in the 3rd quarter worth $25,000. Grey Fox Wealth Advisors LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC raised its stake in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 40 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lockheed Martin in the second quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin in the second quarter worth $29,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 1.5%

The stock has a market capitalization of $127.56 billion, a P/E ratio of 30.78, a P/E/G ratio of 1.55 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The company’s 50-day moving average price is $473.83 and its 200 day moving average price is $468.13.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.Lockheed Martin’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.